The thing is, my docs are very hesitant to admit me even if i'm pretty messed up. It really pisses me off, because indemnity insurance aside, home care sucks a** and it drages me down because i'm usually on IV's every 3 or 4 hours, so that means no real good sleep when you need it the most. It was getting to the point where I couldn't afford the policies because I was never going into the hospital. When I did get sick, they were always putting me on home IV's. My lung capacity last time got down to 49%, and they were STILL hesitant to put me in. Also when you are lucky enough to go in, they try and move you out and go on home IV's extremely quick. Two week stays used to be the standard for when you need a "clean out". I was lucky to get 10 days out of my last visit, where I was literally pleading with them for me to stay in.
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hospital indemnity policy...
- Thread starter anonymous
- Start date
The thing is, my docs are very hesitant to admit me even if i'm pretty messed up. It really pisses me off, because indemnity insurance aside, home care sucks a** and it drages me down because i'm usually on IV's every 3 or 4 hours, so that means no real good sleep when you need it the most. It was getting to the point where I couldn't afford the policies because I was never going into the hospital. When I did get sick, they were always putting me on home IV's. My lung capacity last time got down to 49%, and they were STILL hesitant to put me in. Also when you are lucky enough to go in, they try and move you out and go on home IV's extremely quick. Two week stays used to be the standard for when you need a "clean out". I was lucky to get 10 days out of my last visit, where I was literally pleading with them for me to stay in.
<blockquote>Quote<br><hr><i>Originally posted by: <b>Anonymous</b></i><br>I was not even aware of such a policy.
Do I understand correctly in the fact that you obtain this policy, pay monthly premiums and then they pay you a set amount per day that you're in the hospital, regardless of what type of medical insurance coverage you have?<hr></blockquote>
Correct. You have to wait a year though due to preexisting condition, that's why it's a good idea to get it now rather than later. Even if you go into the hospital one time a year, having three policies is a good idea, because for a two week stay you can pull in $11,000 bucks. That take in is MUCH more than what you pay out in premiums by a considerable amount. Each companies pay out and premium structure is different, but they all equal out in the end. Some policies pay more per day and not so much as an initial payment just for giving in, and others pay more just for initial admittance and not so much per day. I currently just have one policy (United American) and it paid me like 2900 for a 10 day stay. I went in twice one year and received $23,000 bucks (on three policies - United American, Aflac, Physicians Mutual).
The cool thing about it, having as many different policies as you want/can afford is totally legal, and if you went into the hospital often, you could take in a fortune with say 10 or more indemnity policies, and there is nothing each company can do about it even if they know what you are doing. Yes we are dying from a terrible disease, yes we go into the hospital fairly often and it sucks, but as long as you aren't being an A** and purposely making yourself sick just to get paid, and you are genuinely sick, it's a nice way to take the sting out of having a generally crappy life and being able to be financially taken care of...Or just have a ton of fun money to enjoy your life with.
I had a friend (now dead) that had CF, and she was a pretty enterprising lady. She used to have a CF magazine she put out and knew a TON of CF patients. She came up with an idea where (she had money anyway, parents were loaded) she would agree to pay the CF patients premiums for them for either the first year while they couldnt receive benefits, or continue to pay their premiums even afterwards that one year period. In exchange, she would receive their benefit payouts for each patient and take out what she paid in, plus a % of each visits (wasn't that much, she was cool to them) payout, and then give them the rest.
Everybody won that way. The patients who normally couldn't afford to pay the premiums to get the coverage anyway benefitted, and she most definitely benefitted. Very smart and enterprising in my opinion.
Do I understand correctly in the fact that you obtain this policy, pay monthly premiums and then they pay you a set amount per day that you're in the hospital, regardless of what type of medical insurance coverage you have?<hr></blockquote>
Correct. You have to wait a year though due to preexisting condition, that's why it's a good idea to get it now rather than later. Even if you go into the hospital one time a year, having three policies is a good idea, because for a two week stay you can pull in $11,000 bucks. That take in is MUCH more than what you pay out in premiums by a considerable amount. Each companies pay out and premium structure is different, but they all equal out in the end. Some policies pay more per day and not so much as an initial payment just for giving in, and others pay more just for initial admittance and not so much per day. I currently just have one policy (United American) and it paid me like 2900 for a 10 day stay. I went in twice one year and received $23,000 bucks (on three policies - United American, Aflac, Physicians Mutual).
The cool thing about it, having as many different policies as you want/can afford is totally legal, and if you went into the hospital often, you could take in a fortune with say 10 or more indemnity policies, and there is nothing each company can do about it even if they know what you are doing. Yes we are dying from a terrible disease, yes we go into the hospital fairly often and it sucks, but as long as you aren't being an A** and purposely making yourself sick just to get paid, and you are genuinely sick, it's a nice way to take the sting out of having a generally crappy life and being able to be financially taken care of...Or just have a ton of fun money to enjoy your life with.
I had a friend (now dead) that had CF, and she was a pretty enterprising lady. She used to have a CF magazine she put out and knew a TON of CF patients. She came up with an idea where (she had money anyway, parents were loaded) she would agree to pay the CF patients premiums for them for either the first year while they couldnt receive benefits, or continue to pay their premiums even afterwards that one year period. In exchange, she would receive their benefit payouts for each patient and take out what she paid in, plus a % of each visits (wasn't that much, she was cool to them) payout, and then give them the rest.
Everybody won that way. The patients who normally couldn't afford to pay the premiums to get the coverage anyway benefitted, and she most definitely benefitted. Very smart and enterprising in my opinion.
<blockquote>Quote<br><hr><i>Originally posted by: <b>Anonymous</b></i><br>I was not even aware of such a policy.
Do I understand correctly in the fact that you obtain this policy, pay monthly premiums and then they pay you a set amount per day that you're in the hospital, regardless of what type of medical insurance coverage you have?<hr></blockquote>
Correct. You have to wait a year though due to preexisting condition, that's why it's a good idea to get it now rather than later. Even if you go into the hospital one time a year, having three policies is a good idea, because for a two week stay you can pull in $11,000 bucks. That take in is MUCH more than what you pay out in premiums by a considerable amount. Each companies pay out and premium structure is different, but they all equal out in the end. Some policies pay more per day and not so much as an initial payment just for giving in, and others pay more just for initial admittance and not so much per day. I currently just have one policy (United American) and it paid me like 2900 for a 10 day stay. I went in twice one year and received $23,000 bucks (on three policies - United American, Aflac, Physicians Mutual).
The cool thing about it, having as many different policies as you want/can afford is totally legal, and if you went into the hospital often, you could take in a fortune with say 10 or more indemnity policies, and there is nothing each company can do about it even if they know what you are doing. Yes we are dying from a terrible disease, yes we go into the hospital fairly often and it sucks, but as long as you aren't being an A** and purposely making yourself sick just to get paid, and you are genuinely sick, it's a nice way to take the sting out of having a generally crappy life and being able to be financially taken care of...Or just have a ton of fun money to enjoy your life with.
I had a friend (now dead) that had CF, and she was a pretty enterprising lady. She used to have a CF magazine she put out and knew a TON of CF patients. She came up with an idea where (she had money anyway, parents were loaded) she would agree to pay the CF patients premiums for them for either the first year while they couldnt receive benefits, or continue to pay their premiums even afterwards that one year period. In exchange, she would receive their benefit payouts for each patient and take out what she paid in, plus a % of each visits (wasn't that much, she was cool to them) payout, and then give them the rest.
Everybody won that way. The patients who normally couldn't afford to pay the premiums to get the coverage anyway benefitted, and she most definitely benefitted. Very smart and enterprising in my opinion.
Do I understand correctly in the fact that you obtain this policy, pay monthly premiums and then they pay you a set amount per day that you're in the hospital, regardless of what type of medical insurance coverage you have?<hr></blockquote>
Correct. You have to wait a year though due to preexisting condition, that's why it's a good idea to get it now rather than later. Even if you go into the hospital one time a year, having three policies is a good idea, because for a two week stay you can pull in $11,000 bucks. That take in is MUCH more than what you pay out in premiums by a considerable amount. Each companies pay out and premium structure is different, but they all equal out in the end. Some policies pay more per day and not so much as an initial payment just for giving in, and others pay more just for initial admittance and not so much per day. I currently just have one policy (United American) and it paid me like 2900 for a 10 day stay. I went in twice one year and received $23,000 bucks (on three policies - United American, Aflac, Physicians Mutual).
The cool thing about it, having as many different policies as you want/can afford is totally legal, and if you went into the hospital often, you could take in a fortune with say 10 or more indemnity policies, and there is nothing each company can do about it even if they know what you are doing. Yes we are dying from a terrible disease, yes we go into the hospital fairly often and it sucks, but as long as you aren't being an A** and purposely making yourself sick just to get paid, and you are genuinely sick, it's a nice way to take the sting out of having a generally crappy life and being able to be financially taken care of...Or just have a ton of fun money to enjoy your life with.
I had a friend (now dead) that had CF, and she was a pretty enterprising lady. She used to have a CF magazine she put out and knew a TON of CF patients. She came up with an idea where (she had money anyway, parents were loaded) she would agree to pay the CF patients premiums for them for either the first year while they couldnt receive benefits, or continue to pay their premiums even afterwards that one year period. In exchange, she would receive their benefit payouts for each patient and take out what she paid in, plus a % of each visits (wasn't that much, she was cool to them) payout, and then give them the rest.
Everybody won that way. The patients who normally couldn't afford to pay the premiums to get the coverage anyway benefitted, and she most definitely benefitted. Very smart and enterprising in my opinion.
Just a word of caution for anyone on Medicaid or other Social Services Assistance. This policies are considered a source of income or asset & you will be expected to not keep that money for what you want it for. As far as home IV's. My policy covers recouperation time home iv's or not after an admit into the hospital which is anything over 24 hours.
Just a word of caution for anyone on Medicaid or other Social Services Assistance. This policies are considered a source of income or asset & you will be expected to not keep that money for what you want it for. As far as home IV's. My policy covers recouperation time home iv's or not after an admit into the hospital which is anything over 24 hours.
I knew someone rather intimately that received a ton of cash via these policies and were on social security, and never heard anything from them. I think that might only apply if they audit you. And if you have been on the straight and narrow for a while, they would probably audit you randomly.
I knew someone rather intimately that received a ton of cash via these policies and were on social security, and never heard anything from them. I think that might only apply if they audit you. And if you have been on the straight and narrow for a while, they would probably audit you randomly.